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Time Distortion as a Metric for Information and Economy in Organizational Control
Linnaeus University, Faculty of Technology, Department of Informatics.
Linnaeus University, Faculty of Technology, Department of Informatics.
2014 (English)In: Procedia Social and Behavioral Sciences: 3rd International Conference on Integrated Information (IC-ININFO) / [ed] Giannakopoulos, G; Sakas, DP; Vlachos, DS; KyriakiManessi, D, Elsevier, 2014, Vol. 147, 70-77 p.Conference paper, Published paper (Refereed)
Abstract [en]

Organizational management systems, for control and command, have attracted a great amount of research and debate since the very origin of management, as its underlying question is: how to manage human activity systems successfully? More recently, the so-called ‘Balanced Score Card’ approach has assumed dominance in managers’ practice. While that approach has its merits, it also has some important limitations; among others it ignores time and its relation to information. To deal with some aspect of this limitation, this paper introduces a metric, (e.g. mathematical model) funded upon information theory (entropy) that is linked through a notion of time-distortion to the economic performance of an organization. In this, a goal-related time- distortion, between a management system and its operating system, is a carrier of information with economic dependence. The proposed model shows, among others, that time-distortion influences economic performance dramatically, including a lever effect, while high information entropy does not necessarily imply high economic outcome.

Place, publisher, year, edition, pages
Elsevier, 2014. Vol. 147, 70-77 p.
Series
Procedia - Social and Behavioral Sciences, ISSN 1877-0428 ; 147
National Category
Business Administration
Research subject
Economy; Computer and Information Sciences Computer Science, Information Systems
Identifiers
URN: urn:nbn:se:lnu:diva-40113DOI: 10.1016/j.sbspro.2014.07.105ISI: 000360703000009OAI: oai:DiVA.org:lnu-40113DiVA: diva2:788219
Conference
3rd International Conference on Integrated Information (IC-ININFO)
Available from: 2015-02-13 Created: 2015-02-13 Last updated: 2016-11-21Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf